An ABC of AI

Leon Schumacher, from Digital Ekho, gave the opening talk at the AI & CB (Artificial Intelligence and Central Bank) online conference in December. For those new to AI, it provided a fast overview of what AI is and some of the issues connected to it.

Artificial Intelligence (AI) is a branch of computer science that deals with the creation of computer systems able to perform tasks usually requiring human intelligence.

AI is based on three capabilities. Today the only category of AI is ‘narrow AI’, specialising in one task. General AI, also known as AGI, can do any intellectual task a human can do. Finally, there is Super AI which surpasses human intelligence.

Narrow AI

Within Narrow AI there is Automated, Augmented and Autonomous AI. Automated AI replaces tasks currently done by humans. Automated AI is robotic process automation. Augmented AI pairs humans and machines. It learns continuously to help humans make augmented decisions. Autonomous AI replaces humans because it allows autonomous systems to operate independently of human control.